Partial Incentive Bonus Sample Clauses

The Partial Incentive Bonus clause establishes a framework for awarding a portion of a full incentive bonus when only some, but not all, performance targets or milestones are met. Typically, this clause outlines the criteria for partial achievement and specifies how the bonus amount is calculated based on the degree of completion, such as awarding a percentage of the total bonus for meeting certain benchmarks. Its core practical function is to motivate continued effort and recognize partial success, ensuring that employees or contractors are rewarded fairly even if all objectives are not fully achieved.
Partial Incentive Bonus. In the event that, prior to a Change of Control, but on or before December 31, 2000, a person or group of persons who are not shareholders of Holdings on December 31, 1999 acquires ten percent (10%) or more of the equity of Holdings on a fully diluted basis (a "Ten Percent Or Greater Acquisition"), then for each such Ten Percent Or Greater Acquisition the Employee shall receive as an Incentive Bonus a single cash payment at the closing of the Ten Percent Or Greater Acquisition transaction in an amount equal to (i) multiplied by (ii) below, where: (i) equals the amount of the Incentive Bonus which would have been payable to the Employee under Section 9.1 hereof if the Ten Percent Or
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Partial Incentive Bonus. In the event that, prior to a Change of Control, but on or before December 31, 2000, a person or group of persons who are not shareholders of Holdings on December 31, 1999 acquires ten percent (10%) or more of the equity of Holdings on a fully diluted basis (a "Ten Percent Or Greater Acquisition"), then for each such Ten Percent Or Greater Acquisition the Employee shall receive as an Incentive Bonus a single cash payment at the closing of the Ten Percent Or Greater Acquisition transaction in an amount equal to (i) multiplied by (ii) below, where: (i) equals the amount of the Incentive Bonus which would have been payable to the Employee under Section 9.1 hereof if the Ten Percent Or Greater Acquisition had been a Change of Control based on the Enterprise Value implicit in the transaction; and (ii) equals the percentage of equity ownership which is replaced by new outside equity ownership in the Ten Percent Or Greater Acquisition transaction. Such "new outside equity ownership" shall not be deemed to include any increase in equity ownership by any person who was an equity owner of Holdings on December 31, 1999.
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Related to Partial Incentive Bonus

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.